Nov 04, 2020 / 09:30AM GMT
Jean-Jacques Henchoz - Hannover Rück SE - CEO & Chairman of the Executive Board
Thank you very much, and good morning, everyone. Let me welcome you to this conference call, presenting our results for the first 9 months of the year. As usual, I'll start with an overview before our new group CFO, Clemens Jungsthofel, goes through the financials in detail. And I will then comment on the outlook for the year later on.
For the Q&A, I'm additionally joined by my Board colleagues, Klaus Miller, on the life side; and Sven Althoff for P&C.
Looking at the results for the first 9 months. The Hannover Re Group has again proven its resilience, bearing in mind that we have absorbed a total pretax impact of around EUR 860 million from COVID-19 in our P&C and life and health business segment, the group net income of EUR 668 million and the return on equity of 8.3% are quite satisfactory.
Additionally, the Solvency II ratio of 222% remains comfortably above our 200% threshold. And with double-digit premium growth, our new business production is fully intact in
Q3 2020 Hannover Rueck SE Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot